The income statement in which the total of all expenses is deducted from the total of all
Question:
The income statement in which the total of all expenses is deducted from the total of all revenues is termed the:
a. multiple-step form.
b. single-step form.
c. account form.
d. report form.
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b The singlestep form of income statement answer b is so named becaus...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
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